State of California

California’s Infrastructure bank hit the municipal market with a big note offering on Monday, while a New York City Transitional Finance Authority deal was offered to retail buyers.

The big New York City issue was priced for retail investors and a large California note issue was offered to buyers, while municipals turned weaker in secondary trade.

Moody's changed the outlook on its Aa3 rating to positive from stable.

Municipals turned weaker on Monday as traders prepared their strategies ahead of the week’s issuance.

Redemption demand should continue to surface this week even with the arrival of new issuance, municipal sources said.

New York issues again dominate as the bond calendar dips to $5.3 billion in the new week.

New issues were well spoken for on Thursday as hungry investors with available cash participated in the largest deals of the week.

Municipal bond market participants are seeing the last of the week’s healthy new issue slate hit screens.

Billionaire Tim Draper’s proposition to break California into three states won’t be on the ballot in November after a state Supreme Court ruling.

Buyers vied for volume as a bevy of bonds priced in the primary on Wednesday.